EDF completes financing for 100.8MW Spearville 3 Wind Project in US

7 January 2013 (Last Updated January 7th, 2013 03:30)

EDF Renewable Energy has completed tax equity financing with Bank of America Merrill Lynch for the 100.8MW Spearville 3 Wind Project in Kansas, US.

Wind farm

EDF Renewable Energy has completed tax equity financing with Bank of America Merrill Lynch for the 100.8MW Spearville 3 Wind Project in Kansas, US.

The company developed and built the Spearville 3 wind project, which is comprised of 63 General Electric (GE) XLE turbines.

Located in Ford County, the renewable energy project generates enough clean electricity to power about 40,000 homes in the region.

Under a 20-year power purchase agreement, the Spearville 3 project started delivering carbon-free electricity into the KCP&L generation portfolio on October 2012.

EDF Renewable Services, formerly enXco Service, will provide operations and maintenance services for the Spearville 3 wind project.

EDF Renewable Energy project finance VP, Jim Peters, said: "The financing deal demonstrates our continued success in the tax-equity market and underscores wind power's ability to provide clean, abundant and affordable power, while creating economic benefits."

Bank of America Public Capital president, Todd Karas, commented: "Our long standing institutional partnership with EDF is of great strategic importance to our Renewable Energy Finance business."


Image: The 100.8MW Spearville 3 wind project consists of 63 GE XLE turbines. Photo: courtesy of Seksen iki yüz kirk bes.